Costly fuel means more woes
On December - 15 - 2009
The world’s airlines are set to lose $5.6 billion next year, far more than previously estimated, with a rebound in passenger and air cargo demand only partly compensating for rising fuel costs, industry group IATA said.
In its latest outlook, the International Air Transport Association on Tuesday reaffirmed its projection for an $11 billion loss in 2009 — a year its chief Giovanni Bisignani called “an Annus Horribilis” for the highly cyclical sector.
Comments Off
